Purchase price: $480,000 Cash invested: $75,000 Purchased as a single family home with a basement and a seperate entrence.

I have a 1/1 and a 2/1 and although I'm seeing lots of different types of travelers, the ones who have been booking my place have all been traveling medical professionals.

If your partner is a contractor and wants to keep busy, that could be a different story, but I at least consider looking at long term ownership plans and flipping as very different businesses and a lot to learn on both, so not sure I'd risk losing money and time dealing with flips. 

And as for a multi, I'd argue it's best to build, not buy, especially if going out to the NW "burbs".

I am pretty averse to that type of liability due to having significant assets and a strong W2. 2.

How are they coming up with a security deposit and a months rent and moving costs for a new apartment?

I look at it as what are my other options, where can I earn more BUT and a big but that most ignore, what is the risk profile of the investment?

My friend said his client nearly bailed when she found unexpected wiring issues behind the kitchen walls..apparantly the seller hadn’t touched that electrical since the Reagan era..but with a patient electrician who understood the local code and a carpenter who improvised a shelving trick in the diningrom, they ended up selling above asking.Flipping and building can get tricky, especially once you start thinking bigger.

No specific reason, just seems like cities that are trending upward and a price point I can potentially cashflow and appreciate with.

You'd qualify for a hard money loan if you have a solid deal and a partner with experience.